Langley & Banack, Incorporated recently represented Rio Financial Services, Inc. in connection with the private placement of $24 million in subordinated notes to qualified institutional investors. The notes will mature on November 1, 2030.
Rio Financial Services, Inc. is the parent bank holding company of Rio Bank, headquartered in McAllen, Texas. With 14 banking centers located throughout the Rio Grande Valley region of Texas, Rio Bank serves a diverse customer base that is among the fastest growing in the nation.
Langley & Banack’s Financial Institutions Corporate and Regulatory practice group provides creative and effective legal solutions to community banks, thrifts, holding companies and other financial institutions on a wide range of corporate, securities and regulatory matters. The Firm also counsels individual directors, officers and owners on matters relating to the financial services industry. For additional information about the Firm’s Financial Institutions Corporate and Regulatory Practice group, please visit https://www.langleybanack.com/practice-areas/banking/financial-institutions-corporate-regulatory/.